App-only bank N26 hits 300,000 customers as startups across Europe race to be the finance app for millennials

N26 Management Team left to right: Valentin Stalf, founder and CEO of N26, Maximilian Tayenthal, founder and CFO of N26, Matthias Oetken, CFO/CRO of N26 Bank, Christian Rebernik, CTO of N26, Markus Gunter, CEO of N26 Bank
N26
LONDON — App-only bank N26 has tripled customer numbers in little over a year, announcing on Wednesday that it now has 300,000 users across Europe.

The customer number is up from 100,000 in January 2016. N26 has customers in 17 European countries, including 30,000 in France and 10,000 in both Spain and Ireland.

The startup also announced on Wednesday that it has processed €3 billion (£2.6 billion, $3.1 billion) of transactions, with more than 60% of that total in the last year alone.

Valentin Stalf, the founder and CEO of N26, says in a release announcing the milestone: "January and February 2017 were the strongest months in terms of customer growth in our company's history. We are on track to grow to a couple of million customers over the next years."

Like many of its rivals, N26 says its ambition is to "run your entire financial life from your phone," partnering with the likes of Allianz to offer insurance and TransferWise for sending money internationally.